Pradera Divests Shares in Village Shopping & More to Premia Properties

Deal News | Dec 11, 2024 | CEE Legal Matters

Pradera Divests Shares in Village Shopping & More to Premia Properties

Zepos & Yannopoulos provided legal advisory to Pradera on the divestment of its interest in Trivillage Developments Greece Cinema and Entertainment Enterprises Single Member—owners of the Village Shopping & More Center in Renti, Greece. The buyer, Premia Properties, a publicly traded real estate investment company on the Athens Stock Exchange, has acquired the shares through its entity, Renti to Go Single Member. The legal team from Zepos & Yannopoulos included partners Danai Falconaki, Stefanos Charaktiniotis, and associate Rania Koliouli. Despite inquiries, Zepos & Yannopoulos did not comment further on the transaction.

Sectors

  • Real Estate
  • Legal Services

Geography

  • Greece – The transaction involves a key asset located in Renti, Greece, and encompasses companies operating within the Greek real estate market.
  • United Kingdom – Pradera, the selling company, is based in the United Kingdom, highlighting cross-border elements in the transaction.

Industry

  • Real Estate – This transaction involves the sale of a shopping center, an asset within the real estate industry, focusing on retail property investment and management.
  • Legal Services – Zepos & Yannopoulos' involvement as legal advisors emphasizes the role of legal services in facilitating property transactions.

Financials

    Participants

    NameRoleTypeDescription
    PraderaSelling CompanyCompanyA retail property investment, fund, and asset management business based in the UK.
    Premia PropertiesBidding CompanyCompanyReal estate investment and management company with shares traded on the Athens Stock Exchange.
    Zepos & YannopoulosLegal advisorCompanyA law firm providing legal services to Pradera on the sale transaction.
    Danai FalconakiPartnerPersonPartner at Zepos & Yannopoulos involved in the legal advisory team for the transaction.
    Stefanos CharaktiniotisPartnerPersonPartner at Zepos & Yannopoulos involved in the legal advisory team for the transaction.
    Rania KoliouliAssociatePersonAssociate at Zepos & Yannopoulos involved in the legal advisory team for the transaction.
    Trivillage Developments Greece Cinema and Entertainment Enterprises Single MemberTarget CompanyCompanyOwner of the Village Shopping & More center in Renti that was part of the sale.